SoundHound’s (NASDAQ: SOUN) share price advanced by more than 10% on September 23rd to set a fresh long-term high and potentially break the market out of its trading range. The implication of this move is significant because it opens the door to a larger movement that includes a retest of all-time highs and potential to set new highs this year.
The move was catalyzed by the announcement that Red Lobster is now a client. The deal is worth millions in revenue and cash flow, both in the near and long-term, including for the deployment of technology and recurring revenue for ongoing services.
